blogs with jobs

One large company is cutting hundreds of healthcare jobs to help save costs.

Cardinal Health, a global healthcare provider based in Dublin, OH, has announced it will consolidate its businesses into two primary operating and reporting facilities in an effort to reduce costs and align resources. The changes, however, will result in job cuts for hundreds of employees, according to an article by Healthcare Finance News.

The company plans to cut 600 jobs, about 160 of which are currently open and will not be filled. Employees effected by the job losses will be offered severance benefits.
Healthcare Supply Chain Services will be comprised of the company’s network of pharmaceutical and medical product distribution centers and nuclear pharmacies. With an annual revenue of more than $80 billion, this segment serves customers in North America with distribution services for prescription medicine and medical products.

The Clinical and Medical Products segment will house the company’s products for infusion, medication dispensing, respiratory care and infection prevention. This segment brings in an annual revenue of $5 billion and serves global customers with clinically differentiated products used in hospitals and other primary care facilities.

“Through this restructuring, we sharpen our focus on two distinct, large and growing segments of the healthcare industry by aligning our resources, reducing costs and helping to speed decision making for our customers,” R. Kerry Clark, chairman and CEO of Cardinal Health said in the article.

“In many ways, these changes formalize the organization we began to put in place 18 months ago and will make us a stronger company that has a greater focus on both our supplier-customers and provider-customers, with a goal of creating more value for shareholders,” Clark added.
The company also plans to separately report results for Pharmacy Services, Tecomet, Medsystems and Medicine Shoppe International. The company says it plans to conduct a 12-month review of how these companies fit in the segment structure.

This entry was posted on Tuesday, August 19th, 2008 at 11:03 am and is filed under job search. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.